Hotspot for startups

The US business magazine Forbes has published an in-depth article on its website about the Dutch effort to transform “into a bright star of the global startup universe”, praising the new scheme as “one of the smartest tactics yet.” The so-called startup visa gives ambitious entrepreneurs from outside the EU the opportunity to apply for temporary residence in order to start a business in the Netherlands. (Read more about the scheme here.) The first entrepreneur to receive the residence permit was Finn Hansen from New Zealand, whose new business Med Canvas develops dashboards to present medical data to doctors and other medical professionals.

Attracting and developing talented entrepreneurs

Another way in which the Netherlands is working on becoming Europe’s undisputed number-one startup hub is the launch of StartupDelta, which unites the various high-potential regions of the Netherlands in order to jointly create a strong startup ecosystem. In Amsterdam, the StartupAmsterdam programme is aimed at positioning Amsterdam as the startup capital of Europe. In this public-private initiative, investing in international talent is key. The city of Amsterdam is also keen to develop more links with Dutch and international investors in order to help businesses to expand.

Amsterdam’s vibrant startup scene

Amsterdam’s excellent conditions for startups have not gone unnoticed by the international business community. Recently, the British Financial Times described Amsterdam as “a modern-day refuge for the startup crowd,” praising the can-do mentality of the Dutch and the fact that non-Dutch speakers find it easy to work and live in the city. Amsterdam’s vibrant startup scene has attracted the attention of investors and several local startups have recently received funding. Amsterdam-based payment startup Adyen, for instance, recently secured $250 million from investors. Other examples of startups to have received funding are WeTransfer, TravelBird and Peerby.